Brokerages Anticipate German American Bancorp., Inc. (GABC) Will Post Quarterly Sales of $34.10 Million

Analysts forecast that German American Bancorp., Inc. (NASDAQ:GABC) will post sales of $34.10 million for the current quarter, according to Zacks. Two analysts have issued estimates for German American Bancorp.’s earnings, with the lowest sales estimate coming in at $33.50 million and the highest estimate coming in at $34.70 million. German American Bancorp. posted sales of $32.91 million in the same quarter last year, which suggests a positive year-over-year growth rate of 3.6%. The company is scheduled to report its next quarterly earnings results on Monday, April 23rd.

On average, analysts expect that German American Bancorp. will report full-year sales of $143.25 million for the current year, with estimates ranging from $142.50 million to $144.00 million. For the next fiscal year, analysts expect that the business will post sales of $153.85 million per share, with estimates ranging from $153.20 million to $154.50 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for German American Bancorp..

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German American Bancorp. (NASDAQ:GABC) last announced its earnings results on Monday, January 29th. The bank reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01). German American Bancorp. had a net margin of 28.47% and a return on equity of 10.80%. The company had revenue of $33.05 million for the quarter, compared to the consensus estimate of $33.76 million.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of German American Bancorp. from a “buy” rating to a “hold” rating in a report on Thursday, April 5th. BidaskClub upgraded shares of German American Bancorp. from a “sell” rating to a “hold” rating in a report on Tuesday, March 6th. Finally, Sandler O’Neill set a $36.00 price objective on shares of German American Bancorp. and gave the stock a “hold” rating in a report on Tuesday, February 13th. Six equities research analysts have rated the stock with a hold rating, German American Bancorp. presently has a consensus rating of “Hold” and an average target price of $35.33.

Shares of GABC opened at $34.02 on Friday. The company has a market capitalization of $779.08, a PE ratio of 20.37 and a beta of 1.04. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.89 and a quick ratio of 0.89. German American Bancorp. has a fifty-two week low of $30.32 and a fifty-two week high of $39.02.

Several institutional investors and hedge funds have recently made changes to their positions in the company. MetLife Investment Advisors LLC bought a new stake in shares of German American Bancorp. in the 4th quarter worth approximately $358,000. Deutsche Bank AG lifted its holdings in shares of German American Bancorp. by 99.7% in the 4th quarter. Deutsche Bank AG now owns 53,070 shares of the bank’s stock worth $1,873,000 after acquiring an additional 26,490 shares during the last quarter. Advisor Group Inc. bought a new stake in shares of German American Bancorp. in the 4th quarter worth approximately $139,000. Geode Capital Management LLC lifted its holdings in shares of German American Bancorp. by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 190,992 shares of the bank’s stock worth $6,747,000 after acquiring an additional 3,670 shares during the last quarter. Finally, Champlain Investment Partners LLC lifted its holdings in shares of German American Bancorp. by 0.5% in the 4th quarter. Champlain Investment Partners LLC now owns 904,960 shares of the bank’s stock worth $31,972,000 after acquiring an additional 4,835 shares during the last quarter. Hedge funds and other institutional investors own 36.92% of the company’s stock.

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German American Bancorp. Company Profile

German American Bancorp, Inc is a bank holding company. As of December 31, 2016, the Company, through its banking subsidiary German American Bancorp, operated 51 banking offices in 19 contiguous southern Indiana counties and one northern Kentucky county. Its segments are core banking, trust and investment advisory services, insurance, and other.

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Earnings History and Estimates for German American Bancorp. (NASDAQ:GABC)

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